In the face of mounting scrutiny of its proposed $14.9 billion acquisition of U.S. Steel, Japanese steelmaker Nippon Steel recently said it plans no U.S. layoffs and wants to invest… Read More
Company News
• Anthony Barrois has joined NOLA Terminal as terminal manager for its flagship operations facility on the Mississippi River. Located in Plaquemines Parish, NOLA Terminal’s state-of-the-art facility will be the… Read More
“We have a cooler from 1953 that one of our customers sent back to us to have its tubes slightly straightened,” Sean Fernstrum, CEO of R. W. Fernstrum & Company,… Read More
• Joe Rella has been named president of St. Johns Shipbuilding, Palatka, Fla. Rella, who received his undergraduate degree in marine engineering from the U.S. Merchant Marine Academy, in Kings… Read More
A heavy construction equipment sales and rental company located in the south Chicago area, 5R Enterprises LLC of Morris, Ill., serving Illinois, Michigan, Wisconsin, Iowa and Indiana, has secured exclusive… Read More
Orion Group Holdings, Houston, Texas, reported a net loss of $4.4 million, or $0.13 per share, for the fourth quarter of 2023. Excluding non-recurring items, the company said it had… Read More
Holcim, the Swiss-based global cement and aggregates company, announced its intent to spin off its North American business in the U.S. with a “full capital market separation.” In a press… Read More
American Queen Voyages ceased all operations February 20, terminating its employees and canceling all future cruises. Hornblower Group, parent company of American Queen Voyages, announced it was filing for Chapter… Read More
In its February 14 earnings report, Great Lakes Dredge & Dock Corporation (GLDD) said its net income for the fourth quarter of 2023 was $21.6 million, a $52.8 million improvement… Read More
Carrix, a marine terminal operator based in Seattle, recently announced the rebranding of Ceres Terminals as SSA Marine, following Carrix’s acquisition of the company. The acquisition, originally announced in September… Read More
